Guaranteed Maximum Price (GMP. The GMP is the maximum that the Owner shall pay the Contractor for the Work described in the contract documents.
Appears in 8 contracts
Sources: Professional Services Agreement, Professional Services, Professional Services Agreement
Guaranteed Maximum Price (GMP. The GMP is the total amount the Owner shall pay the Program Manager for providing Work authorized by an ATP for a Project. The GMP also is the maximum that the Owner shall pay the Contractor for the Work described in the contract documentsdocuments for certain delivery methods.
Appears in 2 contracts
Sources: Open End Services Agreement, Agreement for Open End Services for Program Management Services
Guaranteed Maximum Price (GMP. The GMP is maximum cost to Owner on account of the maximum that the Owner shall pay the Contractor for Cost of the Work described and the Construction Fee for Contractor’s performance of Work on a GMP Project, subject to additions and deletions as provided in the contract documents.Contract Documents.
Appears in 1 contract
Sources: Master Design Agreement
Guaranteed Maximum Price (GMP. The GMP is represents the maximum that compensation to be paid to the Owner shall pay the Contractor CM for the Work described in and includes the contract documentsCost of the Construction Work, the General Conditions Cost, the CM Fee, Allowances, the CM Contingency, and the Insurance and Taxes Fee.
Appears in 1 contract
Guaranteed Maximum Price (GMP. The GMP is the maximum amount of money that the Owner shall pay the Contractor or Consultant for all the Work work described in the contract documentsdocuments and the consultants fee.
Appears in 1 contract